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Post by dreamboatcruise on Apr 4, 2017 19:29:42 GMT -5
There has to be a market cap valuation that could not be resisted by somebody that understands IP. I keep thinking that we have gone down beyond it but apparently not. Is Mann group waiting for 30M to buy up all shares? Matt keeps mentioning that 30M loan over and over... Well, we will find out eventually what that magic number is but I hope that Mann group is protecting the majority stake in the company. I never understood why they would not own at least 50%. We are now talking about $70M for someone to possibly take control of an FDA approved drug with worldwide distribution potential and other TS applications. And what if that someone has bad intentions... If a company is headed towards bankruptcy there really isn't a floor on market cap. Time value of money... you discount a future value to get present value. Without getting into complicated math... discounting bankruptcy ends up with $0 no matter the discount rate applied. Only way someone buys it for the IP right now would be if there are two credible bidders... otherwise buy the assets from bankruptcy. Caveat... not suggesting no possibility of management pulling a rabbit out of the hat, but right now there really isn't anyway to come up with a financially based argument for a floor on share price.
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Post by buyitonsale on Apr 5, 2017 0:00:14 GMT -5
If I was in a position to obtain exclusive rights to distribute the best mealtime insulin in a region outside of US I would surely take my chances to ignore this business opportunity and wait for bankruptcy proceedings... after all IP value directly correlates to the balance sheet of its owner... Right.
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Post by harryx1 on Apr 5, 2017 8:53:51 GMT -5
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Post by Deleted on Apr 5, 2017 9:59:57 GMT -5
If they sell the drug they won't have a problem with shorts. Its really that simple.
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Post by brotherm1 on Apr 5, 2017 10:00:12 GMT -5
Regardless, fails to deliver hurt unjustifiably and are not justified by anything including insufficient sales of Afrezza.
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Post by matt on Apr 5, 2017 10:15:30 GMT -5
You can't add up fails to deliver and conclude that there are 6 million naked shares. Those shorts all have to close their position or they get bought in at some point, so somebody who was naked short at March 1 might have been subject to a forced buy on March 5 at which point they are no longer short, let alone naked short. The only number that is relevant is the last one reported.
That said, over the short-term (days) the volatility is amplified by short who do have an affect on the price.
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Post by peppy on Apr 5, 2017 10:17:17 GMT -5
You can't add up fails to deliver and conclude that there are 6 million naked shares. Those shorts all have to close their position or they get bought in at some point, so somebody who was naked short at March 1 might have been subject to a forced buy on March 5 at which point they are no longer short, let alone naked short. The only number that is relevant is the last one reported. That said, over the short-term (days) the volatility is amplified by short who do have an affect on the price. how do puts affect shorts?
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boon
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Post by boon on Apr 5, 2017 10:31:16 GMT -5
It's so sad that I expect MNKD to be down now when I look up the stock price. Continued free fall with no support in sight.
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Post by harryx1 on Apr 5, 2017 10:40:08 GMT -5
You can't add up fails to deliver and conclude that there are 6 million naked shares. Those shorts all have to close their position or they get bought in at some point, so somebody who was naked short at March 1 might have been subject to a forced buy on March 5 at which point they are no longer short, let alone naked short. The only number that is relevant is the last one reported. That said, over the short-term (days) the volatility is amplified by short who do have an affect on the price. The problem is we have no data on how many of those FTDs were closed out, maybe all, maybe some or maybe none, we don't know. And as a self-regulating organization they police themselves, which IMO leaves open potential manipulation. And as you stated, over days it's amplified and if it's continuously done day after day, then how does it affect the price? www.sec.gov/investor/pubs/regsho.htm
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Post by kbrion77 on Apr 6, 2017 8:43:23 GMT -5
It's just about over. This is the worst I've seen with this stock since I've been following it for about 5 years.
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Post by peppy on Apr 6, 2017 8:43:57 GMT -5
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Post by boca1girl on Apr 6, 2017 8:54:15 GMT -5
Is everyday a new buying opportunity? If you are not planning on buying any additional shares, the best thing to do is stop looking at the share price.
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Post by kbrion77 on Apr 6, 2017 9:09:22 GMT -5
Is everyday a new buying opportunity? If you are not planning on buying any additional shares, the best thing to do is stop looking at the share price. Thanks for the sound investment advice. I think the folks that are down over 90% on their investment have a right to look at the share price on a daily basis.
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Post by buyitonsale on Apr 6, 2017 9:41:30 GMT -5
I will be adding shares if we get to under $1.
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Post by Deleted on Apr 6, 2017 9:57:05 GMT -5
I would think someone is slowly unloading their position.
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